Motusbank Mortgage Rates

As of April 17th, 2021
Motusbank

Motus Bank Background

Motus Bank is a subsidiary of Meridian Credit Union and was officially launched on 2nd April 2019. It operates as a federally chartered online bank subsidiary. They have a variety of services in financial and investment management along with mortgages and lending. The bank has 54 million Canadian dollars in capital.

Motusbank Prime Rate

Motusbank's Prime Rate is used as the basis for many of Motusbank's lending products including variable rate mortgages, lines of credit, and HELOCs. Prime, or P, is normally combined with a spread to make up the final interest rate.

Current Motusbank Prime Rate: 2.45%

Motusbank Fixed-Rate Mortgages

Mortgage Amount:
Amortization:
Payment Frequency:
TermRateMonthly Payment
1-Year Fixed
1.89%$1,674
2-Year Fixed
1.89%$1,674
3-Year Fixed
1.89%$1,674
4-Year Fixed
1.89%$1,674
5-Year Fixed
1.89%$1,674

The rates shown are for insured mortgages with a downpayment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.

Motusbank Variable-Rate Mortgages

Mortgage Amount:
Amortization:
Payment Frequency:
TermRateMonthly Payment
5-Year Variable
1.70%$1,638

The rates shown are for insured mortgages with a downpayment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.

While we try our best to get you the best rates, we cannot guarantee that they are always accurate. WOWA assumes no liability for the accuracy of the information presented, and will not be held responsible for any damages resulting from its use.